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    Blog/Compare/TISAX vs APRA CPS 234
    Standards Comparison

    TISAX vs APRA CPS 234

    TISAX

    Mandatory
    2017

    Automotive standard for information security assessments exchange

    VS

    APRA CPS 234

    Mandatory
    2019

    Australian prudential standard for information security resilience

    Quick Verdict

    TISAX provides standardized assessments for automotive supply chains, enabling trust and market access, while APRA CPS 234 mandates resilient info sec for Australian finance with strict testing and notifications. Organizations adopt TISAX for contracts, CPS 234 for regulatory compliance.

    Cybersecurity

    TISAX

    Trusted Information Security Assessment Exchange (TISAX)

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Secure exchange of assessments via ENX portal
    • Tiered levels: AL1 self to AL3 onsite audits
    • Automotive-specific prototype protection controls
    • VDA ISA catalog with maturity scoring 0-5
    • Builds on ISO 27001 ISMS framework
    Information Security

    APRA CPS 234

    APRA Prudential Standard CPS 234 Information Security

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Board ultimate responsibility for information security
    • 72-hour notification for material incidents to APRA
    • Third-party managed assets fully in scope
    • Systematic independent testing of controls
    • Asset classification by criticality and sensitivity

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    TISAX Details

    What It Is

    TISAX (Trusted Information Security Assessment Exchange) is an industry framework developed by ENX Association and VDA for automotive supply chain security. It standardizes assessments of information protection, focusing on CIA triad and automotive specifics like prototypes. Risk-based approach uses VDA ISA catalog (70+ controls) with maturity levels.

    Key Components

    • Seven control groups: Policy, Organization, Personnel, Physical Security, Access, Cryptography, Operations.
    • Three assessment levels: AL1 (self), AL2 (remote), AL3 (onsite).
    • Built on ISO 27001 ISMS; modular objectives (e.g., prototype protection).
    • ENX portal for 3-year label exchange; no annual audits.

    Why Organizations Use It

    Contractual OEM mandates drive adoption; non-compliance risks revenue loss. Benefits: reduces duplicate audits (70-90%), enhances market access, mitigates breaches (€4.5M avg cost), builds trust. Strategic ROI via efficiency, resilience in €2.5T chain.

    Implementation Overview

    Phased: Preparation (gap analysis), Remediation (controls, table-tops), Audit, Sustainment. 6-18 months; scalable for SMEs to globals. ENX-accredited audits required for labels. Targets OEMs, Tier 1/2 suppliers, service providers.

    APRA CPS 234 Details

    What It Is

    APRA Prudential Standard CPS 234 (Information Security) is a binding regulation issued by the Australian Prudential Regulation Authority. Effective from 1 July 2019, it mandates risk-based information security governance and cyber resilience for APRA-regulated financial entities, including banks, insurers, and superannuation funds. Its scope covers all information assets, including those managed by third parties, focusing on minimizing impacts to confidentiality, integrity, and availability.

    Key Components

    • **Governance and accountabilityBoard ultimate responsibility (para 13), defined roles (para 14).
    • **Core requirementsCapability maintenance, asset classification, commensurate controls, incident response, systematic testing, internal audit assurance.
    • Approximately 24 paragraphs of enforceable obligations; no fixed control count, but assurance-driven model.
    • Compliance via evidence of testing, reporting; no formal certification.

    Why Organizations Use It

    • Mandatory for APRA-regulated entities to avoid penalties, enforcement.
    • Enhances operational resilience, reduces cyber risks, protects stakeholders.
    • Builds trust, enables sound operations amid threats.

    Implementation Overview

    Phased approach: gap analysis, policy framework, asset inventory, controls, testing program. Applies to all sizes in Australian financial sector; requires annual testing, 72-hour incident notifications. Internal audit validates compliance.

    Key Differences

    AspectTISAXAPRA CPS 234
    ScopeAutomotive info sec, prototypes, supply chainFinancial sector info sec, CIA triad, third parties
    IndustryAutomotive suppliers, global OEMsAustralian banks, insurers, super funds
    NatureVoluntary industry assessment, ENX labelsMandatory prudential regulation, enforceable
    TestingAL1-3 audits, maturity levels, 3-year validitySystematic testing, annual reviews, independent audit
    PenaltiesContract loss, no labels, reputationalFines, enforcement, supervisory actions

    Scope

    TISAX
    Automotive info sec, prototypes, supply chain
    APRA CPS 234
    Financial sector info sec, CIA triad, third parties

    Industry

    TISAX
    Automotive suppliers, global OEMs
    APRA CPS 234
    Australian banks, insurers, super funds

    Nature

    TISAX
    Voluntary industry assessment, ENX labels
    APRA CPS 234
    Mandatory prudential regulation, enforceable

    Testing

    TISAX
    AL1-3 audits, maturity levels, 3-year validity
    APRA CPS 234
    Systematic testing, annual reviews, independent audit

    Penalties

    TISAX
    Contract loss, no labels, reputational
    APRA CPS 234
    Fines, enforcement, supervisory actions

    Frequently Asked Questions

    Common questions about TISAX and APRA CPS 234

    TISAX FAQ

    APRA CPS 234 FAQ

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